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The contractor will build the Melbury Court development off Old Dryburn Way for Whitesmocks, adding to its expanding North East pipeline.
The PBSA scheme will provide modern student flats alongside landscaped public realm to improve the surrounding setting.
Completion is targeted for summer 2027 ahead of the 2027/28 academic intake.
The award marks another step forward for Caddick following the launch of its Durham office last year and builds on recent regional work, including a BREEAM Excellent DPD distribution hub at Newton Aycliffe.